Actually I think the company could have more money (or use less shares instead of the 50 million) if they bought back the 50,000,000 and made sure they were certificated.
If the shares aren't already certificated, doing so will help the short-squeeze. When the price hits $1, the company can sell 300,000 shares, retire 49,700,000 shares, and still have more money.
50,000,000 sharea at $.0035 = $175,000
1,750,000 shares at $.10 = $175,000
175,000 shares at $1.00 = $175,000
87,500 shares at $2.00 = $175,000
....
I think they should wait, until all the other cert requests/share retirement have been processed. I see this is as a gigantic time bomb exploding on the shorters. I'm willing to wait a couple more months (if needed) for this to happen.
Kurt |
